Nutanix Inc. (NASDAQ:NTNX) Director Jeffrey T. Parks sold 408,291 shares of Nutanix stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $29.55, for a total transaction of $12,064,999.05. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
Nutanix Inc. (NASDAQ NTNX) opened at $34.30 on Friday. Nutanix Inc. has a twelve month low of $14.38 and a twelve month high of $34.83.
Nutanix (NASDAQ:NTNX) last released its quarterly earnings data on Thursday, August 31st. The technology company reported ($0.33) earnings per share for the quarter, beating the consensus estimate of ($0.38) by $0.05. Nutanix had a negative net margin of 59.72% and a negative return on equity of 295.56%. The firm had revenue of $226.10 million during the quarter, compared to analysts’ expectations of $216.00 million. Nutanix’s revenue was up 61.7% compared to the same quarter last year. equities research analysts forecast that Nutanix Inc. will post -2.19 earnings per share for the current year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. FMR LLC raised its holdings in shares of Nutanix by 320.6% during the second quarter. FMR LLC now owns 12,043,981 shares of the technology company’s stock valued at $242,686,000 after purchasing an additional 9,180,123 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Nutanix by 65.5% during the first quarter. Vanguard Group Inc. now owns 3,275,441 shares of the technology company’s stock valued at $61,480,000 after purchasing an additional 1,295,813 shares during the last quarter. Franklin Resources Inc. purchased a new position in shares of Nutanix during the second quarter valued at approximately $55,063,000. Hodges Capital Management Inc. raised its holdings in shares of Nutanix by 40.3% during the second quarter. Hodges Capital Management Inc. now owns 1,437,788 shares of the technology company’s stock valued at $28,971,000 after purchasing an additional 412,998 shares during the last quarter. Finally, Artemis Investment Management LLP raised its holdings in shares of Nutanix by 17.9% during the third quarter. Artemis Investment Management LLP now owns 844,784 shares of the technology company’s stock valued at $18,910,000 after purchasing an additional 128,493 shares during the last quarter. 32.81% of the stock is owned by hedge funds and other institutional investors.
Several research analysts have issued reports on NTNX shares. Vetr raised shares of Nutanix from a “hold” rating to a “strong-buy” rating and set a $30.51 target price for the company in a report on Monday, October 16th. Bank of America Corporation lifted their target price on shares of Nutanix from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, September 18th. Needham & Company LLC started coverage on shares of Nutanix in a report on Wednesday. They issued a “buy” rating and a $45.00 target price for the company. Jefferies Group LLC started coverage on shares of Nutanix in a report on Thursday, August 17th. They issued a “buy” rating and a $30.00 target price for the company. Finally, Raymond James Financial, Inc. raised shares of Nutanix from a “market perform” rating to an “outperform” rating and set a $32.00 target price for the company in a report on Monday, November 6th. Two investment analysts have rated the stock with a sell rating, six have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average price target of $31.24.
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Nutanix, Inc is a United States-based company, which provides an enterprise cloud platform that converges silos of server, virtualization and storage into an integrated solution. The Company’s enterprise cloud platform connects to public cloud services. It has operations in the United States; Europe, the Middle East and Africa; Asia-Pacific, and Other Americas.
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